andobabo

andobabo

For next week i am planning to sell gold in the 2015-2019 area, with a stop loss @ 2030 targeting 1930-40 area as a final destination for this bearish leg before another retracement. If the price manages to penetrate above 2030, then the next supply area will be 2040-45 area. Good Luck!

andobabo Updated 

I keep mantaining a bulkish bias on gold. Yesterday the price went below 2014 to collect liquidity and today with CPI news i beleive gold will make a w on the daily and weekly timeframe and reach 2095 as first bullish target. SL for this trade is 2010. Good Luck!

andobabo Updated 

Gold is still in an uptrend and in the last days of the week was retesting the broken bearish trendline, i expect next week to be bullish targeting 2061-72 area first. Good Luck!

andobabo Updated 

Gold has been going sideways as predicted and i expect the sideway to continue the next week as well, so the best scenario would be to sell in the 20050-62 area and buy around 2020 as many times as possible until it gets out of the triangle and takes a direction. Good Luck!

andobabo Updated 

Gold is stuck beetwen 2001-10 and 2027-38 and i dont think it will get out of this area soon, so the best plan to trade for the week is to buy and sell this sideways movement as many times as possible. Good luck!

andobabo Updated 

By reviewing the gold chart there are two possible scenarios in my view. I beleive gold is forming a bullish flag on daily and weekly and it might break out this week or it might take some more time, it will all depend on how its going to behave around 2047 area. If we get a clear break and it manages to make a new high (very important) above 2063 then i will...

andobabo Updated 

Hi guys, hope you made good profit on my previous posts, as all targets have met. First we took the sell from 2050 to 2004 and then a buy from 2010 to 2039 with a total of 750 pips in just 4 days. For next week i am still bullish on gold, looking for buys in the 2025-2029 area, with a stop loss at 2017 and looking for a breakout of the bullish flag targeting...

andobabo Updated 

Gold has reached my 2004 target and now i think is going to make a lower high on the daily time frame, so i am buying with stop loss 1997 targeting 2045-49 area. Good luck!

andobabo Updated 

Ok our bullish trade managed to give 120 pips but gold was unable to make a higher high and it is still trending in the bearish channel. So i am selling it targeting first 2004 with stop loss at 2065. If you like my idea boost it and comment below. Good Luck

andobabo Updated 

Next week i intend to buy gold with sl 2040 aiming at 2120. Technically gold is forming a W pattern in daily and after making a higher low it is aiming to make a higher high. Fibonacci suggest that the W will end around 2120 and from there we might see a correction to 2060 area. Fundamentally the rising tensions in the middle east suggest further rise in gold...

andobabo Updated 

Gold is trading within a falling channel, i expect the price next week to rise up to 2060 and then make a fall to 2020 levels. If it will manage to trade below 2015 then we might see lower prices and a retest of the 1970 area. If you like this idea boost it and comment below. Good luck!

andobabo Updated 

Gold has been forming a bearish trendline in the weekly tf and i expect next week to find resistence around 1930-1933 area and then fall to the 50% fib 1847. Will place sell orders in the 1930-33 with a stop loss 1940. Good Luck!

andobabo Updated 

I expect the following move for gold in the upcoming weeks. First i expect the price to bounce from 1946-1950 level, to 1983. I expect a pullback to 1965 area and then another bounce up to 2005-2012. From 2005-2012 i expect e strong bearish movement to 1850 area from where i expect gold to start another leg up to make another ATH. Trading plan would be to buy...

andobabo Updated 

I expect EURUSD to hit the upper border of the rising channel and then make a strong correction of about 300 pips.

andobabo Updated 

Gold is on a rising wedge, a bearish pattern and i beleive that it will give another push up probably from 1916-1922 area to 1954-60 area and then finally start a correction to 1880 and if that area is broken to 1809. Like and coment my idea

andobabo

Gold managed to brake out of the rising wedge this week and i expect a retest of the wedge in the coming week, before the resume of the fall. I expect the price to touch 1857-45 area and jump to 1920-27 and then resume the fall.